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Back in Nov when MTL made 52wk high, I expected some pullback and basing off recent support then- That happened yesterday and 10.00 I see as next level to close above. But it will continue upward especially with trump's Administration supporting natural resources, industry, etc ; not like what happened with Liberal Progressives in control 8 years+ trying to alter the true world and the USA...
Remember, MTL went thru massive reorganization last few years. Much of it because Obama demonized anything coal, oil, etc and MTL was involved in some merger biz around 2008 with a US based coal mining corp too they had to close up then... If and when that reopens and with everything else going on, this stock will go far higher than its 50.00 PPS just a few years ago IMO...
Quite possibly, we could see "Real Investing" occur again where you can invest hard earned funds into solid corps like this and watch as time does its magic- NOT this dammn daytrading mentality created the last 10 years making securities act like commodities...
Many reasons. This will be a 100.00PLUS stock under Trump presidency IMHO.
Gapper for some reason...
Yes I strongly believe this. But don't you mean "Yuge"...? LOL
Now it doesnt seem like it like you said. I thought it would drop some this morning, oh well lol. Trump is going to be huge for energy.
I did long ago too, but don't believe it will. Too many years keeping this baby down after 3+ years or great reorganization and positioning by them. I am seeing 10.00 level hit this week likely...
Next Conf Call will be great and I plan to be there to ask about the West Va coal mining group they purchased right when Obama came in and demonized coal industry- because under Trump. coal will be vilified as well as other natural resources once again... COal is used for steel. MTL has both plus increased global contracts and support and just few years ago was around 100.00/share. Can be again too.
Keep waiting for that gap to fill at 4.... guess it aint gonna happen...monster
I am not selling any shares until around $30.00.... Riding all the way... I am not a daytrader, but "Investor"... My biggest regret owning shares for several years in MTL, is not adding more at 1.30 where she was idling for months...
As a long time investor of this company, just look back a few years at charts prior their huge reorg and refinance program to see this easily will be a 30.00 PLUS stock again in short time....
Long term investors will do well, not a day trade type scenario, especially with their increased global contracts and with Mr. Trump as new US President, and demonization of coal/oil/etc by Obama for years coming to an end, I expect to see the West VA coal mining operation MTL merged into around 2008/2009 (affected by Obama's agendas)to also become major benefactor and this stock will again be in the 30.00-50.00 range where it used to once be...
I only wish I had bought tons back when it was idling in 1.30 range for so long... I expect to see this next runup clear 10.00...
took half off yesterday, riding free shares now
You did that? Im bullish but not like that lol
$MTL absolutely amazing that nobody is buying this puppy on ihub !!! up 500% since Sept and now Trump President!!! $6 hits and we'll see this at $10-$16 resistance next imo!!!
Only 4 years ago this was in the 60s!!!
Somebody I know thought it might have something to do with coal prices. I can't find a coal futures contract to check that. I'll keep exploring!! Whatever it is, there is very strong volume and the price is continuing up, even after hours.
Incredible moves up, but there's no news!
... little scary if this isnt sustained,
any idea whats going on?
1.30 trade gap from Feb about to close in my opinion.
MTL gone thru lots of good changes last couple years, and though I didn't like seeing the split they did, technicals show a short term correction to trade thru 1.30 are before PPS will proceed much higher.
Special Shareholders Meeting Announced & SEC filing:
Dear fellow shareholders!
Once again we are calling an extraordinary shareholder meeting, and once again I call on you to act in support of the company and your investments.
We have worked very hard with our major lenders, and as a result reached and signed debt restructuring agreements with all state-owned banks. At the same time, restructuring conditions include approval of pledges and suretyships given by Mechel PAO as security for our debts restructuring, by a majority of minority shareholders. At the previous extraordinary shareholder meeting held on March 4, 99% of all participants voted in support of our management's plan, but we failed to secure the required quorum due to several legal and administrative issues.
By the time we scheduled the second extraordinary shareholder meeting, our company reached a new important milestone. We signed an agreement selling Gazprombank a minority stake in the Elga coal deposit, Mechel's largest investment project. Partnership with Gazprombank will on one hand enable the company to decrease our debts and current interest payments, while on the other hand allow Mechel to retain control over the project and benefit in the future from the investments we have made. We have been working on attracting a strategic investor to Elga for several years now, and I am glad that our efforts were successful.
We believe in Mechel and are full of resolve to overcome all obstacles and complete debt restructuring. To do that, the company needs your support. And I call on every shareholder to take part in this meeting and contribute to the success of our common cause.
Sincerely,
Igor Zyuzin
Chairman of the Board of Directors
Back to 1.30 area to close trade gap created... Sad to see the shareholder meeting March 4th did not have majority of common shareholders send in voting cards on time so that matter will be reintroduced at another meeting.
Foreign shareholders and Russian shareholders all sent in on time and supported MTL and that bank financing deal, but the US shareholders (ADR's) was the problem as most did not receive the voting packet from their brokerages in time to complete and send back. I know myself, after contacting transfer agent as mine came on a Saturday afternoon, and I had to have it back by Tuesday 10:00am NY time- and spent extra $$$ just to ensure it was sent back- but problem was as I told Agent (and he agreed), for some reason, the US brokerages were slow sending these voting packets out to MTL shareholders and to me, smells of something not right...
private investors could ONLY send back in US mail, while corp shareholders were allowed to fax in voting card???? Makes no sense...
Attention common shareholders; March 4th EGM is very important to you all; as this restructuring deal with all major lenders for MTL can only be achieved by majority of common shareholders!
Send your proxy form in by Thursday Feb 25th 10:00am...
Unless sold,and back in for bounce to $3s....
GLTA
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1:2 R/S... Not good for shareholders. Nobody was notified of the intent and another reason the securities industry today is screwed up, and why private investors are not coming back as they once did prior all this electronic trading systems use today... Shareholders got fewer shares, higher buy-in price.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Dear Mr. Xxxxx Xxxxxxxxxxxxxx,
That is correct, MTL did a reverse split but the ratio was 1:2. Unfortunately, companies are not required to provide split information to the shareholders, or announce that action before it takes place. I hope this information has been helpful. Should you have any further questions, please do not hesitate to reply to this email or contact us at 800-669-3900 and we will be happy to assist you.
Have a great day.
Kiel Ruiz
Client Services, TD Ameritrade
Division of TD Ameritrade, Inc.
Nice MTL 1:2 Reverse Split 1/12/2016....
MTL Security Details Other Company Securities
Share Structure - Market Value1 Not Available
Authorized Shares Not Available
Outstanding Shares Not Available
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float Not Available
Par Value Not Available
Transfer Agent(s)
Shareholders
Shareholders of Record Not Available
Security Notes
Capital Change=shs increased by 3 for 1 split Ex-date=05/20/2008. Rec date=05/16/2008. Pay date=05/22/2008.
Capital Change=shs decreased by 1 for 2 split. Pay date=01/12/2016.
I'm in long haul. They were over $35.00/PPS and I believe they will be again; especially after all the changes. As companies go, there is not a lot of public shares out there anyways and a lot of quiet buying has been going on from major buyers like funds, etc.
Plus once Obama is out of office and the demonizing of God Given natural resources ceases in media, coal and many other fossil fuels will do fine for energy usage because they are most reliable long term and provide most power /energy in return over solar or wind as it was proved in late 70's when this crapp happened then...
MTL still owns West Va coal mining operation to my knowledge, and what coal we are making is being exported overseas right now.
If losing $152 million is a great result, well, I feel a whole lot better about myself??
Agree with your sentiments. Will be watching closely.
Another positive ongoing development for Mechel, and goes to show, regardless even of good earnings, and as I highly suspect, there is/are certain hedge funds/banks utilizing a shortselling HFT program upon this stock still and is exactly what Donald Trump and others want to go after (why he wants to tax their arsses heavy) as they are abusing and raping markets and corp stock out there; and just watching historical technicals on this stock anyone can see this is being collared- maybe SEC will look into this too as they are on other matters with countless shareholder complaints.
Been in a bearish trend for some time. That is positive yes but I'm still looking for a catalyst to reverse trend.
Great results for MTL ! Brokerage shows "positive surprise" on earnings based on all analysts' expectations...
Annual Earnings Beat Consensus (Year ending 12/2014)
Annual Non-GAAP earnings Announced March 4, 2015 -$0.89
Annual Consensus of 4 analysts -$1.23 Difference from
consensus 38.20%
Next Earnings Announcement: 2015 Earnings will announce (Unconfirmed) December 9, 2015
Mechel OAO (NYSE:MTL): Q2 Adj. Net Loss of $152M.
Revenue of $1.16B
Mechel Reports 1H2015 Operational Results / 4:00am EST
Good report with first net profit reported since 2012 reorganization of global operations too.... Everything going well and as planned.
This POS announces news of fins tomorrow and drops 5 cents lol. I see the optimism<< sarcasm
I think 1-2 year outlook is strong but value proposition may be greatest here for entry in 2016.
For what it's worth, Donald Trump deals with the Russian President and in big business and has no trouble seeing all industries grow..., and MTL still owns coal mine in West Va (USA) too; and a new paradigm shift is occurring I believe when this current Administration becomes overhauled in the coming 1-2 years, you will see major growth of many of these type industrial stocks like MTL.
Again, just go back 2 years alone, and see all the major global infrastructure projects and business Mechel has contracts in place and continues daily doing business regarding the same...
I think you may be right.
Good, bad, or Otherwise, this company has its name and contracts ongoing with major Asian & European infrastructure projects going forward- nothing to frown upon...
Mechel is fine. I believe in them long term. Just look at technical charts and the tight long channel the PPS has been in... Soon it will bolt upward IMHO and catch many off guard not invested ...
Mechel OAO (NYSE:MTL): FQ1 Adj. Net Loss of $99M.
Revenue of $1.11B (-34.7% Y/Y)
Looks to be in a very tight channel now for weeks...
This closed the technical gap fast around 90cents to 1.00 from few weeks ago when then, the Russian Govt announced MTL was on their list of major corp entities to support with Sovereign GUarantees- remember??
What just happened last few days was a hyped PR scare shakeout of shares from retail buyers by greedy bankers who have been buying all they can at these absurd low prices.
Technical gap correction occurred simultaneously with "BK news reports" few days ago, now yesterday news again saying "BK rumors now being squelched and tempered" ...
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